The Philippine Stock Exchange, Inc. (PSE) reported a substantial 57.5 percent increase in net profit for 2024, reaching P1.21 billion, up from P766.31 million in the previous year. This significant growth was primarily driven by a strategic acquisition that boosted the Exchange’s other income.
While operating revenues remained stable at P1.40 billion, expenses rose by 14.9 percent to P861.67 million, attributed to increased depreciation and maintenance costs for trading and clearing systems.
However, the PSE’s “Other Income” saw a dramatic 166.0 percent surge, climbing from P314.37 million to P836.32 million. This increase was largely due to a P462.86 million gain from the remeasurement of its previously held equity interest in Philippine Dealing System Holdings Corp. (PDS), following the PSE’s increased stake acquisition completed by the end of December 2024.
“The acquisition of PDS was a key component of our three-year strategic plan, designed to enhance our market development and profitability significantly,” stated PSE President and CEO Ramon S. Monzon. “Our focus is on seamlessly integrating both entities to maximize synergies, improve efficiencies, and strengthen risk management. We will also continue to advance PDS’s ongoing initiatives in the fixed income and depository sectors, aiming to broaden investor participation and enhance market protection.”
As of February 24, 2025, the PSE’s ownership in PDS has increased to 78.33 percent, up from its initial 20.98 percent stake.
